Replies to post #648341 on Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

MC stays on board if they do it before SCOTUS rules.

If you listened to Richard Epstein yesterday on the CEI call, then you'd know this is incorrect.

SCOTUS can, and likely will, still rule even after a settlement.

So, Calabria is no longer safe. That's why Jan 20 is now a bright line in the sand.

If we cross Jan 20 without SPSPA Amendment and Consent Decree, it's Game Over.

Game Over for Commons at least. JPS will still have Judge Lamberth's remanded case for damages.

[FOFreddie]

Thanks Robert. Your timeline seems like the best guess after McNuchin's comments during the last two days.

Do you expect anything before the SCOTUS hearing?

How does the FHFA get to an investible security for the capital raise. What are your thoughts about starting to pay out divs to common and JPS?

If the warrants stay unexercised the public common and JPS would be the only cash out the door - is there a way to pay dividends on new issued common and not on existing common? This would seem to violate Delaware Law?

Also - how do they avoid paying divs to the JPS if there is a dividend to a common security?

[3antar]

We should expect action before December 9th.. MC wants to save his job, so I see settlement coming any day

IMO

[FastEddie18585]

Great comments, Robert. Thanks for your input.